Osborne Clarke – UK 100

Turnover: £64.6m

Profit per equity partner: £303,000

Equity spread: £165,000-£345,000

Net profit: £12m

Profit margin: 19 per cent

Salaried partner remuneration: £85,000-£150,000

Revenue per lawyer: £206,000

Revenue per partner: £702,000

Revenue per equity partner: £1,374,000

Cost per lawyer: £168,000

Profit per lawyer: £38,000

No of partners: 92

No of equity partners: 47

No of female partners: 17

No of female equity partners: Six

Total no of fee-earners (including consultants, paralegals etc): 365

Total no of fee-earners (excluding consultants, paralegals etc): 314

Total no of staff: 699

Leverage ratio: 1:4.72

Equity partner to staff ratio: 1:6.47

Fee-earner to staff ratio: 1:0.83

Financial management: Lockup target last year 130 days, current 110. At end of last financial year achieved 123 (average WIP 56 days, average debtor days 67). Practice profile by revenue is corporate 23 per cent, finance 7, litigation 19, property 18, employment 13, tax 6, commercial 14. Average fixed capital contribution for equity partner is £120,000.

Equity structure: Modified lockstep with three categories of partner and four steps on the lockstep.

Billable hours targets: None

Key clients: ECI Partners, Evolution Beeson Gregory, 3i.